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Budget 2027 Tax: M40 Reliefs, Top Rates & SST
Description
Budget 2027 introduced modest changes to Malaysia's tax landscape, but with the government projecting tax revenue to grow by 5.8% (RM16.3 billion), where will that revenue come from? Sim Kwang Gek, Country Tax Leader at Deloitte Malaysia, joins The Morning Run to unpack the tax adjustments, and how these policy shifts will impact the middle-income group, corporate profits, and the broader tax reform roadmap.
She analyses the practical benefits of expanded individual reliefs for the M40, the regional competitiveness of expanding the 30% top marginal rate threshold to include RM1 million earners, and why establishing a clear long-term direction for consumption tax remains critical.
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